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- Maven11 Capital made over 50% returns by investing in DeFi tokens, especially UNI, amid a market rally.
- Uniswap’s proposal to reward its token holders sparked a DeFi rally, as well as a shift in liquidity patterns.
Maven11 Capital, a crypto venture capital firm, has reported impressive returns of 54%, worth $1.43 million, by investing in DeFi tokens. These returns are particularly from UNI, the native token of Uniswap.
The firm capitalized on the DeFi token surge, which was driven by the growing attention to the DeFi sector and the innovative proposals by Uniswap.
The DeFi sector, which enables users to lend, borrow, or exchange crypto without intermediaries, has been gaining momentum in the crypto market, as the Bitcoin price stays above $50,000.
Amid the ongoing AI craze, the DeFi sector has attracted mainstream interest. Platforms like Uniswap and others offer novel solutions and opportunities for crypto users.
Maven11 Capital focuses on Web3 and DeFi projects, and has demonstrated the potential for high returns in the DeFi space. The firm has invested in various DeFi tokens, such as UNI, MKR, AAVE, and FXS, and made a remarkable return of 54%, amounting to $1.43 million.
The company’s remarkable journey began when it bought 100,000 UNI tokens from Binance for $5.74 apiece, then sold them for $11.2, making a 95% profit of $546K. The company also saw substantial gains from other tokens, like FXS (43%), AAVE (58%), and MKR (38%), demonstrating the profitable prospects in the DeFi industry.
They bought 899 $MKR($1.32M) at $1,469, currently making $500K(+38%). They bought 5,994 $AAVE ($383,000) at $64, currently making $224,000 (+58%). They bought 62,444 $FXS ($379,000) at $6.07, currently making $164,000 (+43%).
The DeFi Rally
A key driver of the DeFi token spike was Uniswap, the biggest decentralized exchange,’s recent proposal to compensate its token holders. Eric Koen, the Uniswap Foundation’s governance lead, initiated the idea, which intends to disperse protocol fees among UNI holders that stake and delegate the tokens they own, therefore improving protocol governance.
The proposal has ignited a positive response from the market, propelling the price of UNI tokens by 70%. The proposal also promises to revitalize the network’s decision-making process and foster long-term growth.
Other DeFi tokens also benefited from the Uniswap proposal, as well as other developments in the DeFi space, such as the launch of new products, partnerships, and integrations. For instance, COTI (COTI) rose by over 38%, while SushiSwap (SUSHI) increased by over 36%.
The DeFi sector also showed signs of rising optimism, as the Total Value Locked (TVL) on Uniswap revealed a shift in liquidity patterns. Tokens which mainly consist of WETH, WBTC, and stablecoins, saw an increase in liquidity by 5.14%, and the Top 20 by 10.9%.
This liquidity redistribution suggests that investors’ trust in the market is improving, as they diversify their portfolios with a broader range of assets. It also implies that investors may be seeking for long-tail assets during the impending bull run.
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